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Dow Jones Industrial Average DJIA possible SHORT (cont.)

Short
DJCFD:DJI   Dow Jones Industrial Average Index
Possible continuation pattern forming, not perfect but could be considered a BEARISH CYPHER if trend continues to target on the short term.

Makes sense to have a small bull trap on the way down, something to keep your eyes on in any case.

USA SHORT TMF + ETFS that i have looked into.
BBUS QQQ QID

DYOR

CYPHER TARGETS ARE THE 618 and 100% retracements of leg C - D but I believe a roll over and further downtrend will continue

not a financial advisor
Order cancelled: If CYPHER didn't fail the target 1 would have been accomplished.
Comment: And that't target 2 IMO it is just shy but i would be happy with that, it will continue down though mid term.
Comment: With both targets hit it will be interesting to see what happens here,
We have built some bullish Divergence I wouldn't be surprised if we have a Bullish push back here. not for long though.
Comment: DAILY

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Comment:

Comments


the ratios have been blown out as indicated on photo!
i still expect a downturn but not as a result of the CYPHER pattern
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